Special offer: $0 establishment fee for a limited time*
For a limited time, you’ll pay $0 establishment fee when you add a Commercial Overdraft* to a business transaction account or top-up your existing Commercial Overdraft*. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026.
*New limit or Top-up of up to $1m.
Visit your nearest branch to speak to a banker.
About commercial overdrafts
- Approved amount of extra funds linked to your business transaction account
- Access funds when spending exceeds your business account balance
- Secured or unsecured option
Features
- Variable interest rates
- 24/7 access# to available funds, up to the approved limit
- Repay and redraw at any time within the approved limit
- $0 establishment fee for a limited time when eligibility criteria are met.*
- Other fees may apply.
Benefits
- Only pay interest on the overdraft amount used
- Manage cash flow while you wait for customer payments
- Helps with unexpected business expenses
Eligibility criteria
- be a business entity or an individual 18 years and above, domiciled in Australia; and
- require the funding for business or investment purposes other than investment in residential property; and
- meet the credit criteria and credit policy requirements under an applicable offer for this product.
If you’re applying for an unsecured commercial overdraft, you must be an existing BankSA business customer in addition to meeting the above criteria.
How to apply
1. Get ready
Check the eligibility criteria and have your business financials handy.
2. Speak to a business banker
Visit your nearest branch
3. Receive a response
If your application’s approved, you’ll receive a contract to sign.
4. Start using your overdraft
The funds will be available one business day after you return the signed contract.
Frequently asked questions
A commercial overdraft is an approved line of credit linked to your business transaction account, which you can use to manage cashflow when your business account balance drops below zero. You’re only charged interest on the overdraft amount you use.
A business loan is a lump sum paid to your business transaction account. You’re charged interest on the whole amount, which you pay off over the loan term.
Important information
Credit criteria, fees, charges, terms and conditions apply. Talk to a business banker for more details.
* Subject to systems availability.
*Terms and Conditions for the $0 Establishment Fee Waiver Offer on Commercial Overdrafts
- We will waive the establishment fee for eligible new Commercial Overdrafts of up to $1 million, or for a limit increase of up to $1 million on an existing Commercial Overdraft.
Eligibility and timing
- Applications must be received and approved between 07 April 2026 and 30 September 2026 and settled within 90 days of approval.
- For Commercial Overdrafts, you must also have an eligible BankSA Commercial Transaction Account.
Exclusions
- The offer is not available for any other applications, including those submitted through third parties or brokers.
- Temporary Overdrafts are not included.
- We may withhold the offer where an application is reasonably determined by us to be fraudulent or materially misleading.
Approval
- All applications are subject to approval. Standard terms, conditions, fees, charges, and credit criteria apply.
How the fee waiver works
- We will waive the establishment fee or refund it within 60 days of settlement.
- If you believe an establishment fee has been charged in error, please contact us.
- Establishment fees may still apply to other products you request as part of your application.
- This offer cannot be used in conjunction with any other offer. We may vary or withdraw this offer at any time.